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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Friday, March 2, 2007

Nabors Reports BackDating

Nabors Industries announced that an internal review showed that some stock option grants from 1991-1997 had been backdated, Grantees on the relevant dates included to its CEO, Eugene Isenberg.  Nabors had previously said there was no backdating.  The committee of independent directors who conducted the internal review included a member of the Compensation Committee that awarded some of the grants in question.  See WSJ, Nabors's Review Confirms Misdated Options Grants.

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